Question

    The Forward Markets Commission (FMC) was merged with

    which among the following in September 2015?
    A Reserve Bank of India Correct Answer Incorrect Answer
    B Securities and Exchange Board of India Correct Answer Incorrect Answer
    C National Stock Exchange Correct Answer Incorrect Answer
    D Bombay Stock Exchange Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    FMC was the regulator of the commodities market in India. It was merged with SEBI in September 2015. SEBI is the regulator of the capital market in India and it was established in 1988 though it became an autonomous body by an act of the Parliament in 1992. SEBI is based in Mumbai, Maharashtra.

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